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I’m seeing short sellers get squeezed around $5194.53, and price stayed supported instead of rejecting the level after the liquidation. That reaction indicates supply was absorbed while buyers defended the zone.
EP: $5218
TP1: $5285
TP2: $5380
TP3: $5520
SL: $5090
Price is holding above $5194, maintaining a constructive structure.
Momentum is improving as the liquidation clears bearish pressure from the move.
Liquidity clusters are positioned near $5330 and $5460, which can attract further upside expansion.
$PAXG